Businesses Brace for Next Budget

Businesses in England and Wales face a surge in insolvencies, with a 17% jump in October compared to last year. Factors such as tax changes, minimum wage increases, and high energy prices are adding to operational costs, causing financial strain. Business leaders express concern about potential new measures in the upcoming budget, fearing further financial burdens and uncertainty. The situation underscores the need for supportive economic policies to aid business recovery and growth.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.